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PSD2 Regulatory Technical Standards: Content and Market Impact

PSD2 Regulatory Technical Standards: Content and Market Impact

Banks must assess their e-banking and mobile banking implementations against the PSD2 RTS requirements.

London, 19 April 2017 – Although the revised Payment Services Directive was published more than a year ago, the market had to wait for the European Banking Authority’s regulatory technical standards to get details about the law’s implementation. The EBA recently published its final report on the (draft) RTS for strong customer authentication and common and secure communication, and this document will be effective in October 2018 at the earliest. What significant impacts will the RTS have on existing market practices in online banking and commerce?

Based on interviews with executives from banks, card networks, other financial service providers, industry organizations, and consultant firms, this report provides insight into the RTS for strong customer authentication and secure communication, and analyzes the business impact on the European payments market.

This 20-page Impact Note contains two figures and three tables. Clients of Aite Group’s Retail Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.

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